You have to over communicate with section 8 in many cases just to keep them on track. 

I know crime is a big issue in OKC and I don't want to purchase a property that won't generate income. 

If considering a long-term rental (LTR) scenario, establish clear legal agreements with your child and understand potential tenant rights issues.

I am hoping that experts here can provide some guidance on ways to handle this.Thank you in advance for any suggestions to work through this issue.

As far as applying as a homeowner, I own all the land outright so that shouldn't be an issue. 

Just currious re any unforeseen issues with foreclosing the note AND getting the property back with FMV (fair market value) below my credit bid (the price I gave the auctionier as the min price I'd take).FWIW's- FANNIE and my note allows me to protect my note by spending funds on legal etc to cover Notice Of Default,  Legal services,  Foreclosure service. 

I can not understand why landlords continue questioning this issue.

It’s these deals that are pausing distributions, stopping distributions, issuing capital calls or got forbid losing them in foreclosure. 

In foreclosure sales there are usually funding requirements (funding within a certain window of time) or title issues that aren't communicated up front that can complicate things.Happy to help where I can if you would like to talk.Thanks!

We do have issues though too, insurance rates are the highest in the country, hurricanes, alligators it dips down into the 30's for a few days every year..JK, but really not many downsides as a whole.